Data Science for Business – Time Series Forecasting Part 3: Forecasting with Facebook’s Prophet.

(This article was first published on Shirin’s playgRound, and kindly contributed to R-bloggers) In my last two posts (Part 1 and Part 2), I explored time series forecasting with the timekit package. In this post, I want to compare how Facebook’s prophet performs on the same dataset. Predicting future events/sales/etc. isn’t trivial for a number…

via Data Science for Business – Time Series Forecasting Part 3: Forecasting with Facebook’s Prophet — R-bloggers

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Time Series Forecasting Part 2: Forecasting with timekit

(This article was first published on Shirin’s playgRound, and kindly contributed to R-bloggers) In my last post, I prepared and visually explored time series data. Now, I will use this data to test the timekit package for time series forecasting with machine learning. Forecasting In time series forecasting, we use models to predict future time…

via Data Science for Business – Time Series Forecasting Part 2: Forecasting with timekit — R-bloggers